A PHP Error was encountered

Severity: Notice

Message: A session had already been started - ignoring session_start()

Filename: libraries/templates.php

Line Number: 406

Because The Ceo Wants To Increase Salaries For All Hourly Employees And Software Analysts
 
 
Tutor Homework Help Online, Tutoring Online - StudentLance
Tutor Homework Help Online, Tutoring Online - StudentLance
login register
Because the CEO wants to increase salaries for all hourly employees and software analysts
Solution Detail
Price: $10.00
  • From: Business,
  • Posted on: Tue 01 Oct, 2013
  • Request id: None
  • Purchased: 2 time(s)
  • Average Rating: No rating
Request Description

Compound Interest (Part 1 and 2)Excel Work in Detail

 

Because the CEO wants to increase salaries for all hourly employees and software analysts, there needs to be a count of the employees in each category.

1.    Create an additional worksheet named “DB Calculations.”

2.    Set up a criteria range in the first few rows and columns to identify all hourly employees.

3.    Set up a second criteria range in the columns next to the first to identify the software analysts with salaries less than $55,000.

4.    In any cell beneath each criteria range, use the DCOUNT function tocalculate the number of hourly employees using the first criteria range, and then again to calculate the number of software analysts with salaries less than $55,000.

5.    Multiply the count of hourly employees by 2,000, and the count of software 
analysts with salaries less than $55,000 by 4,000. The sum of these two numbers
 
will be the total funding needed to execute the CEO’s plan.

 

Part 2: Use the funding you calculated in Part 1A and the appropriate compound interest formulas you learned in business algebra to calculate the investment amounts for options 1 and 2. Show your calculations in any empty area on the worksheet created in Part 1.

 

Hints:

 

Excel Functions:

 

PV – Returns the present value of a future amount

 

PMT – Calculates the payment necessary to accumulate a future amount

 

Compound Interest Formulas:

 

A = P(1 + i)n

 

FV = PMT ×

(1 + i)n – 
1

   

 

 

Solution Description

Attachments
Compound Interest (Part 1 and 2)Excel Work in Detail.xlsx
Compound Intere...